In December 2017, the M3 money supply rose by PLN 28.6bn. The highest increase was observed in deposits and other claims of banks on enterprises and households.

Preliminary data released by NBP on 23 January 2018 show that in December 2017 the M3 aggregate, reflecting the total supply of money, stood at PLN 1,324.4bn at the end of the month, or PLN 28.6bn more than at the end of November 2017.

In December 2017, the value of corporate deposits and other corporate claims on banks increased by PLN 10.5bn, i.e. 4.0%, to PLN 275.4bn. The increase in deposits and other liabilities of the household sector amounted to PLN 10.5bn, i.e. 1.5%, to PLN 732.4bn. Furthermore, a rise of PLN 4.5bn, i.e. 80.7%, was observed in the stock of social security fund deposits, which reached PLN 100bn. December 2017 saw a decline, typical for the month, in the deposits of local government institutions, which fell by PLN 3.8bn, i.e. 10.5%, to reach PLN 32.8bn. A sharp rise, one of PLN 3.6bn, or 2.0%, was observed in the stock of cash in circulation (excluding vault cash), which reached PLN 184.5bn.

The balance of receivables from individual clients decreased, in nominal terms, by PLN 0.1bn, to stand at PLN 676.4bn. Corporate debt fell by PLN 3.2bn, i.e. 0.9%. An increase of PLN 27.2bn, or 11.2%, was recorded in the net debt of central government institutions, which reached PLN 268.8bn.

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